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Bancore

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Startup

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Financial Education and Inclusion

Bancore – a Financial Inclusion solution for everybody globally

5 years have passed since the birth of Bancore’s basic concept, and for a traditional start-up further investment and development would be quite unusual. However, since Bancore set out to produce a significant change in the world, we have always known that both our journey and our perspective would be longer.

From the outset our idea was to create a bank-like experience for consumers anywhere in the world, by combining the still growing penetration of mobile phones, existing banking infrastructure and a globally accepted payment method – and wrap these elements in an easy-to-use front-end for any mobile handset user or Internet browser.

With Bancore anyone can sign up in 1-2 minutes – whether banked or un-banked. Once signed up, a customer can deposit funds through a wide range of options and instantly send these funds to any mobile number in the world (except for the few countries on the restricted list mentioned earlier) – whether the recipient is a Bancore user or not. Both sender and recipient can use whatever funds they have in their accounts instantly via the issued prepaid cards. Note that all Bancore accounts and payment cards issued are prepaid, and cards will only be issued when funds are deposited the first time – until then the account can be accessed, but is dormant. This minimizes costs for Bancore and ensures that any user who sends or receives funds is in reality an active user with an issued and fully functional prepaid card.

Team Members

Tina Sommer Blønd

Vice President, Business Development, Bancore

Brian Larsen

CEO, Founder and Director of Bancore HQ, Director of Bancore Asia and Bancore Africa

Blogs

Bancore At Oslo Summit Copenhagen

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Bancore Newsletter

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Upcoming Events

21
Jun
Financial Inclusion Hack – A 48 Hour Hackathon to Bank the UnBanked
Location: Royal Bank of Scotland HQ 175 Glasgow Road, Edinburgh, EH12 9SB
Hosted by Founders of the Future : Powered by RBS and Innovate Finance According to the Financial Inclusion Commission, there...
25
Jun
Coffee & Croissants Member Meet Up
Join us at the Innovate Finance offices on Tuesday 25th June for a morning networking session where you will hear...
02
Jul
AI in Financial Services: Report Launch & Drinks Reception
Location: Pinsent Masons, 30 Earl Street London EC2A 4ES
Pinsent Masons and Innovate Finance would be delighted to invite you to the launch of our joint industry report, AI...